The IGP-M increases by 0.87% in December and closes 2021 with an increase of 17.78%

The IGP-M, the inflation indicator used to readjust rents, rose 0.87% in December. Photo: Jonathan Campos / Arquivo / Gazeta do Povo

The general price index – market (IGP-M) increased by 0.87% in December and cumulative inflation by 17.78% in 2021. The value was lower than the cumulative rate in 2020 (23.14%) . The data was released on Wednesday (29) by the Getulio Vargas Foundation (FGV). The indicator is used in the readjustment of rental contracts in the country. The General Producer Price Index (IPA), which measures the segment, has gone from an inflation rate of 31.63% in 2020 to a rate of 20.57% this year. On the other hand, the consumer price index (CPI) and the national construction cost index (INCC) have increased in rate. Inflation in the CPI, which measures retail trade, has fallen from 4.81% in 2020 to 9.32% this year. The INCC went from 8.66% to 14.03% over the period.

“The biggest contribution to the December IGP-M result came from the Producers Index. This month’s result was influenced by the rise in cattle prices (11.69%), reflecting domestic demand and the recovery in exports, and by the acceleration in the prices of crops affected by frost and drought. , such as coffee (12.52%) and sugar cane (2.83%). These latter elements also help to explain the 20.57% increase accumulated by the IPA in 2021. Sugar cane prices increased by 57.13% over the year, while coffee prices increased. 152.35% over the same period, ”said André Braz, coordinator of price indices in a published note. by FGV.

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